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The Role of Forensic Accounting in Enhancing Financial Transparency and Minimizing Fraud in Jordanian Institutions
- Source :
- International Journal of Industrial Engineering and Production Research, Vol 35, Iss 3, Pp 1-10 (2024)
- Publication Year :
- 2024
- Publisher :
- Iran University of Science & Technology, 2024.
-
Abstract
- This study examines the role of forensic accounting in enhancing financial transparency and reducing fraud in Jordanian institutions. Using a mixed-method approach, data were collected from 150 respondents including chartered accountants, auditors, financial managers. through a structured questionnaire. The findings reveal that forensic accounting significantly contributes to fraud prevention by supporting government investigations, providing courtroom testimony), and developing financial management systems. Additionally, forensic accountants play a crucial role in preparing key reports for government activities. The correlation analysis shows strong interdependencies between forensic accounting’s roles in arbitration and fraud detection. While most hypotheses were confirmed, challenges were noted in applying forensic accounting within the public sector. The study concludes by recommending that policymakers strengthen the integration of forensic accounting into Jordan's financial regulatory framework to enhance its effectiveness, particularly in the public sector. This research highlights the vital role of forensic accounting in maintaining financial integrity and provides a foundation for future studies.
Details
- Language :
- English
- ISSN :
- 20084889 and 2345363X
- Volume :
- 35
- Issue :
- 3
- Database :
- Directory of Open Access Journals
- Journal :
- International Journal of Industrial Engineering and Production Research
- Publication Type :
- Academic Journal
- Accession number :
- edsdoj.17cda7db4ca94fb7a93b990561a60d3b
- Document Type :
- article